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BUSINESS

Japan tops business development list

Business, Phusadee Arunmas, Published on 21/06/2023

» Foreign investment tallied 45.4 billion baht in the first five months of this year, with Japan topping the list in terms of spending to develop businesses in Thailand.

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BUSINESS

El Niño fails to affect Thai food prices

Business, Phusadee Arunmas, Published on 10/06/2023

» The Internal Trade Department says the droughts caused by the El Niño weather phenomenon have yet to affect the prices of local goods.

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BUSINESS

CPF income set to rise by 7-8%

Business, Phusadee Arunmas, Published on 13/06/2023

» Charoen Pokphand Foods (CPF), the SET-listed flagship of food and agribusiness conglomerate CP Group, expects its total revenue to increase by 7-8% to 610-620 billion baht this year, attributed mainly to contributions from its international business, particularly the Philippines, where the firm's animal feed business is growing.

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BUSINESS

Ministry told to explore diesel tax cut extension

Business, Phusadee Arunmas, Published on 14/06/2023

» Prime Minister Prayut Chan-o-cha assigned the Finance Ministry and relevant agencies on Tuesday to study the possibility of extending the excise tax cut on diesel of 5 baht per litre, which is scheduled to end on July 20 this year.

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BUSINESS

Parsing the impact of the parched season

Business, Phusadee Arunmas, Published on 14/06/2023

» The effects of the El Niño weather pattern are becoming increasingly evident with the persistence of hot, dry weather and high temperatures despite the official start of the rainy season on May 22, as announced by the Meteorological Department.

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BUSINESS

Department clamps down on protected wood shipments

Business, Phusadee Arunmas, Published on 15/06/2023

» The Commerce Ministry has issued two regulations prohibiting the importation of timber, processed wood and wooden artefacts, unless traders hold a certificate of import, in addition to barring phayung (Siamese rosewood) exports.

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BUSINESS

Shippers still buoyant on export outlook

Business, Phusadee Arunmas, Published on 07/06/2023

» The Thai National Shippers' Council (TNSC) still believes exports can eke out growth of 0-1% this year, as it urges swift establishment of a new government to spur the country's trade competitiveness and address economic issues.

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BUSINESS

Inflation declines to 21-month low

Business, Phusadee Arunmas, Published on 07/06/2023

» The country's rate of inflation last month plunged to a 21-month low attributed to decreasing fuel prices and electricity bills as well as a high price base in May last year, with the rate expected to continue easing in June.

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BUSINESS

Consumer confidence ticks up in May

Business, Phusadee Arunmas, Published on 09/06/2023

» Consumer confidence rose for a 12th straight month in May and hit the highest level since March 2020, boosted by a gradually recovering economy and a resilient tourism sector.

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BUSINESS

New deals signed on trip to Saudi

Business, Phusadee Arunmas, Published on 09/06/2023

» The economic relationship between Thailand and Saudi Arabia is thriving, with a number of partnership deals in the pipeline.